Rice exporters association of thailand

Rice bags stocked up at a factory in Bangkok, Thailand (Photo: AFP/VNA) Bangkok (VNA) – Thailand’s rice exports decreased in both volume and value in February 2019 due to high prices as compared to other competitors and its stronger baht. Charoen Laothammatas, President of the Thai Rice Exporters Association (TREA), said the country’s rice shipments totalled 687,560 tonnes in February, down 27.7 percent from the same month of last year, with the export value hitting 11.69 billion baht (over 368.5 million USD), down 23.5 percent year on year. According to Charoen, Vietnam's rice prices were 40-50 USD a tonne lower than Thai grains and lured buyers from the Philippines and Malaysia. Charoen said that despite the export fall in February, rice exporters still believe shipments will recover in March to 700,000-800,000 tonnes. Thai exporters still maintain huge outstanding purchase orders for white rice and parboiled rice from key African and Asian … [Read more...] about Thailand’s rice exports down in both volume and value in February

Illustrative photo (Source: NNT) Bangkok (VNA) – The Thai Rice Exporters Association has been upbeat about rice shipment prospects in the second half of this year. However, many exporters worried that the rising price of hom mali, or fragrant jasmine, will drive local farmers to plant this variety more, thus causing pressure on rice price in the market. The association expected a rice output of 12 million tonnes in the sub-crop, which is higher than the amount of 8 million tonnes forecast by the Thai Ministry of Agriculture and Cooperatives. Hom mali price hits ten-year high on global strong demands and Thai Government’s clear-out of rice stockpile. Each tonne of hom mali is currently sold at 18,000 THB, nearly doubling the price recorded in the same time last year. In the first half of the year, Thailand exported 5.32 million tonnes of rice worth 85.8 billion THB, decreasing 2 percent in volume but rising 7 percent in value year on year. The Philippines plans to … [Read more...] about Thailand sees bright prospects for rice exports

Rice export surgesThe Saigon Times Daily Farmers are seen working on a rice field in the Mekong Delta region – PHOTO: TRUNG CHANH HCMC – June’s rice exports amounted to 604,000 tons, worth US$317 million, taking the respective figures in the January-June period to 3.56 million tons and US$1.81 billion, up 25% in volume and 42% in value year-on-year, according to the Ministry of Agriculture and Rural Development. According to the ministry, farm produce exports are soaring. Vietnam’s price for 5% broken rice for export has reached US$450 per ton, whereas the price of the same type of rice from India is US$410 per ton and from Thailand is US$435 per ton. According to the Vietnam Food Association and the Ministry of Industry and Trade, as Sai Gon Giai Phong reported, the export price of 5% broken rice from Vietnam rose to US$458-462 per ton in mid-May, the highest in four years. The falling prices of India and Thailand are attributed to the declining … [Read more...] about Rice export surges

Rice exports of Thailand in 2018 will be less than the target growth of 9.5 percent due to strong baht and decrease in rice production, said the Thai Rice Exporters Association (Illustrative photo: VNA) Bangkok (VNA) – Rice exports of Thailand in 2018 will be less than the target growth of 9.5 percent due to strong baht and decrease in rice production, said the Thai Rice Exporters Association (TREA). The target was 18 percent lower than 2017’s 11.6 million tonnes. President of TREA Charoen Laothamatas explained that the strong baht caused a major difficulty for the country’s rice export as the prices of Thai rice have become less competitive. The baht increased nine percent compared to the US dollar in 2017 and increased by 3.1 percent in 2018 to be at 31.6 THB/USD. Laothamatas said the TREA will closely monitor exports in the first quarter of this year and, if the baht continues to rise, may revise the 2018 export target to below the previous forecast of … [Read more...] about Thailand: Rice exports to drop in 2018

Thai rice - Illustrative image (Source: blackseagrain.net) Bangkok (VNA) – The Thai Government plans to boost rice exports by negotiating sales directly with other governments with the hope to support around 13 million local farmers – 20 percent of the country’s population. Officials will be sent to major importers of Thai rice in order to accelerate negotiations, said Adul Chotinisakorn, director general of the Commerce Ministry's Department of Foreign Trade, adding that in some countries in Asia, rice imports are completely controlled by government procurement bodies. Several Southeast Asian importers will be targeted, including the Indonesian government's procurement and logistics agency Bulog, the Philippines' National Food Agency and Malaysia's commodities procurement agency Bernas. According to the ministry's statistics, Indonesia and Malaysia import around 800,000 tonnes of Thai rice per year, while the Philippines imports 1 million tonnes. The … [Read more...] about Thailand to step up rice exports through inter-governmental deals

President of the Rice Exporters Association of Thailand Charoen Laothammatas expects that the association will be able to export around 9.5 million tonnes of rice this year (Photo: www.thaivisa.com) Bangkok (NNT/VNA) - President of the Rice Exporters Association of Thailand Charoen Laothammatas expects that the association will be able to export around 9.5 million tonnes of rice this year. Laothammatas said 9.5 million tonnes is an appropriate quantity from the country’s 30-million-rice production in 2018. As for this year’s jasmine rice production, the president said it decreased more than the normal level due to rain and flooding. Rice farmers turned to other crops instead of rice, resulting in the lower production, he added. Laothammatas therefore forecast that the price of jasmine rice will be stable at 1,100 - 1,150 USD per ton until rice in the new season is harvested. Despite the baht's appreciation, the Thai rice price won't be … [Read more...] about Thailand likely to export 9.5 million tonnes of rice this year

Illustrative image (Source: nationmultimedia.com) Bangkok (VNA) – Thai rice exporters have recently called on the government to curb the rise of baht to protect export, after the currency hit four-year high in late 2017. Chairman of the Thai Rice Exporters’ Association Charoen Laothamatas said the stronger baht makes the price of Thai rice unattractively high compared with the prices of competitors such as Vietnam. The association also warned that Thailand could lose Africa market because it bought stockpiled rice in mass from the Thai government, but the supply has run out while new crops are expensive, making it hard for consumption here. Thailand’s baht stood at 31.35 per USD, a record since November 2013. In January 2018, it rose nearly 4 percent after a 9 percent increase in 2017.-VNA … [Read more...] about Thai rice exporters urge baht rise curb

Viet Nam’s rice export volume in 2018 is expected to increase by 400,000 tonnes from 2017 to reach 6 million tonnes, due to increased demand from Southeast Asia, especially from the Philippines, with China expected to be the country’s largest rice market. The Vietnam Food Association (VFA), in a report earlier in January, said countries in Southeast Asia will import a large amount of rice from Viet Nam, helping boost the country’s turnover this year. The VFA said Indonesia will import rice from Viet Nam and Thailand again in 2018 to increase reserves, as Indonesia’s rice price has been rising, almost double the floor price. Similarly, the National Food Board of the Philippines approved of up to 250,000 tonnes of imported rice to offset declining inventories, due to unfavourable weather in 2017. These developments are encouraging for Viet Nam’s rice export market, said the VFA’s report, with export price of 5 per cent broken rice rising to US$400 per … [Read more...] about 2018 rice export to hit 6m tonnes

Vietnam’s rice export industry has a bright future with good contracts after having a successful year. Vietnam had a successful year Vietnam has exported rice to 132 markets in the world and China remains Vietnam's biggest buyers. Vietnam exported over 570,000 tonnes of rice last December, a 38.6% increase compared to the same period in 2016. Local firms signed contracts to export 6.4 million tonnes of rice, of which 5.8 million was exported in 2017. The exports in the first eleven months of 2017 reached 5.52 million tonnes worth USD2.49bn, up 24.1% and 24.9%, respectively, compared to same period the previous year. It also exceeded the 5 million tonnes target set in early 2017. Some 764,000 tonnes of rice remains in the inventory. 209,000 tonnes of which belong to Vietnam Southern Food Corporation, Vietnam Northern Food Corporation has 107,000 tonnes and the rest belong to other companies in the Vietnam Food Association. The Indonesian Bureau of Logistics announced … [Read more...] about Positive signs for Vietnam’s rice exports

Thai Rice Exporters Association President, Pol Lt Charoen Laothammatas, said the export of Thai rice grew 20% during the first 11 months of last year when a total of 10.4 million tons, worth 156 billion baht, were exported. Rice exports in November last year expanded 47% compared with the same month in 2016. The highest demand for Thai rice came from Benin, China, South Africa, Cameroon and the United States. Although the official figure for December’s rice export has yet to be revealed, it has been estimated that at least 11.2 million tons were sold overseas, making the annual Thai rice exports the highest ever recorded. However, Pol Lt Charoen cautioned that the stronger Thai currency could potentially put Thailand at a disadvantage in the global rice market in the future. … [Read more...] about Thailand’s rice exports reach record high in 2017